5 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Parliament Uses 2027 Budget to Push for Currency Changes
The article discusses the Iraqi Parliament's stance on the exchange rate issue overseen by the Central Bank. Former MP Zuhair Al-Fetlawi clarified that Parliament does not have the authority to compel the government to modify the dollar exchange rate, as this falls under the jurisdiction of the Central Bank according to the law. He pointed out that Parliament can exert pressure by refusing to approve the budget bill and returning it to the government for necessary adjustments, including the matter of the exchange rate. In conclusion, he emphasized that monetary policies, including the exchange rate, are determined and implemented by the Central Bank, and are not within Parliament’s powers.
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